Purchase or lease of existing buildings in lieu of new construction for housing project

In order to conserve the existing housing supply, a commission is authorized to purchase or lease or otherwise acquire existing buildings for low - rent housing whenever this is feasible, in lieu of new construction. All provisions of this chapter relating to other low - rent housing projects shall be applicable to such projects. Source: SL 1950 (SS), ch 13 , § 17; SDC Supp 1960, § 45.3617.